Buy Put Options on Disney Stock Before This Happens

One of the biggest effects of the pandemic and lockdowns was the cancellation of sports. That's not just a minor inconvenience for sports fans, there are billions of dollars at stake. Disney was one of the hardest hit stocks during the pandemic, dropping 42% between Jan. 1 and March 23. With its portfolio of theme parks and cruise lines, Disney became a popular target for bearish traders. Today shares have rallied nearly 60% higher since their March lows and the stock is within striking distance of get back to even on the year. That growth might not hold up if sports don't return this fall. The post Buy Put Options on Disney Stock Before This Happens appeared first on Money Morning - We Make Investing Profitable . And it's making put options the perfect strategy for Disney stock... Tags: options trading To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.